Date: March 16, 2016 TO: FROM: RE: Downtown Minneapolis Neighborhood Association Minneapolis Principal City Planner Deb Brandwick Oertel Architects Legacy PROJECT SUMMARY This letter is to notify you that Riverdale Ventures, LLC. is seeking approval for the construction of a condominium project consisting of 374 units and is seeking the support of the Downtown Minneapolis Neighborhood Association. An initial presentation was made to the DMNA on Tuesday February 9 th and we now request an opportunity to present the modifications made to the project since that day. Developer: Riverdale Ventures, LLC is proposing to construct a condominium project in downtown Minneapolis. Jim Stanton, the owner of Riverdale Ventures, LLC has constructed a total of nine (9) other condominium projects in Minneapolis. The first six (6) were located in the North Loop (Lindsay Lofts, Rock Island Lofts, 212 Lofts, Security Warehouse Lofts, 5 th Avenue Lofts and Riverwalk), the next two (2) were located in the Mill City District (Bridgewater and Stonebridge) and one (1) project is currently under construction in Downtown East (Portland Tower). Location: The site is on the corner of 13 th Avenue S. and 2 nd Street S. The site is currently occupied by the vacant Cenveo building and a 148 stall surface parking lot. The site contains approximately 186,121 s.f. (4.273 acres). Current property addresses are: 121 12 th Avenue South 1220 1 st Street South Zoning: The parcels are zoned I1 with DH, DP and IL overlays. The developer will be requesting to rezone to C3A. 1
Applications Required: -Rezoning from I1 to C3A. Remove IL Overlay District -CUP application for PUD -Height allowance increase from 6 to 17 stories, requested within the PUD app. -Parking allowance increase from 1.7 to 1.82 parking ratio, requested within the PUD application -Site Plan Review -Plat Approval Building Description: The proposed project is a residential project including 374 condominium units in a stepped building 17/8/14 stories with the units in the building as follows: First Floor: 24 Units Second Floor: 26 Units Third-eighth Floors: 33 Units/Floor Ninth-11 th Floors 22 Units/Floor 12 th -14th Floors: 16 Units/Floor 15 th -17 th Floors 5 Units/Floor Total Units: 374 Units No commercial use is proposed. Although the unit floor plans have not been finalized the units will range in size from approximately 950 to 3,100 square feet. The exterior of the project is proposed to be stone, glass, metal panel, phenolic (wood grain) panel and fiber cement composite panels and will compliment both the Bridgewater and Stonebridge projects in scale and design. Building Details: The allowable Floor Area Ratio is 4.0. The site contains 186,121 square feet and the proposed project includes 725,326 square feet of above grade square footage resulting in a FAR of the proposed project of 4.010. Amenities: The proposed project includes a playground, pet exercise area, pet grooming area, pool and spa, bike racks, a community room, game room, green roof, lawn bowling and an exercise room. Parking: The proposed project includes one (1) enclosed at grade parking area and three (3) levels of underground parking with a total of 703 parking stalls (17 guest stalls (only 8 allowed in calculation), 14 handicap stalls and 681 residential stalls). As part of the application for this property, Riverdale Ventures, LLC is requesting an increase in the allowable parking ratio from 1.7 to 1.82. 2
DATE: April 8, 2016 TO: Hilary Dvorak, Principal City Planner City of Minneapolis FROM: Deb Brandwick RE: Legacy 13 th Street & 2nd Avenue South Minneapolis, MN 55415 The attached submittal is for the Legacy, a proposed condominium project at the intersection of 2 nd Avenue and 13 th Street. The project is proposed to include 374 condominium units with enclosed parking and no retail space. The existing site houses the Cenveo office/warehouse building and a surface parking lot. Following are project details relating to zoning code requirements. Zoning District ( to be re-zoned from I1) C3A Overlay Districts - DH, DP, IL F.A.R. Calculations FAR allowed = 4.0 downtown height overlay Site Total = 186,121 s.f. 186,121* 4.0 = 744,484 s.f. total allowable Above Grade Proposed Square Footage (not including parking): Total Parking Condo First Floor (Street Level) 99,930 s.f. 99,930 35,500 64,430 2 nd Floor 56,452 s.f. 56,452 56,452 3 rd -8 th Floors 56,770 s.f. 340,620 340,620 9 th -14 th Floors 41,630 s.f. 249780 249,780 15 th -17 th Floors 12,174 s.f. / floor 36,522 36,522 Total Square Footage 783,304 s.f. 35,500 747,804 F.A.R. Proposed = 4.017 (747,804/186,124) 1
Below Grade Proposed Parking Square Footage Total P3 95,454 P2 95,454 P1 95,454 Total 286,362 s.f. Height Height Allowed 6 Stories Height Requested 17 Stories (three sections, 17 stories, 8 stories, 14 stories) Maximum Residential Units 186,124/ 400 = 465.3 units allowed 374 Units Proposed Residential Unit Counts Proposed: Total First Floor 24 units 21 units Second Floor 26 units 26 units Third-8th Floors 33 units / floor 198 units 9 th -11 th Floors 22units / floor 66 units 12 th -14 th Floors 16 units / floor 48 units 15 th -17 th Floors 5 units / floor 15 units Total Residential Units Proposed 374 Total Parking Requirements - Residential Min. one stall per unit = 374 stalls Guest One stall / 50 dwelling units 374/50 = 8 stalls 374 + 8 = 382 total minimum parking stalls required 2
Proposed Parking Stall Counts: P3 218 P2 215 P1 191 L1 Resident Parking 59 L1 Guest parking 18 Total Parking 704 Stalls 701 total stalls - 8 guest stalls - 14 handicap stalls (2% of total), = 679 resident parking stalls 679/374 = 1.82 parking ratio. 3